This listing was posted on Actuary.
Actuary 2 & 3
Location:
Tumwater, WA
Description:
OIC CAREER OPPORTUNITY The Office of the Insurance Commissioner's (OIC) P&C Actuarial Services Unit is seeking two motivated and qualified individuals to fill an Actuary 2 and Lead Actuary 3 position. These positions are assigned to the Rates, Forms, and Provider Networks Division, located in our Tumwater office. The Actuary 2 position contributes to OIC goals of protecting consumers, maintaining a healthy insurance climate, and improving customer service by reviewing property and casualty rate filings, and performing the actuarial components of property and casualty financial examinations.The Lead Actuary 3 position is a key employee within the agency and serves as the subject matter expert for all issues related to property & casualty rates.If you're interested in a dynamic career that protects consumers' interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.These are Washington General Service positions: The monthly salary range for an Actuary 2 position is $9,021 - $12,128. The monthly salary range for an Actuary 3 position is $11,545 - $15,531. AGENCY PROFILE AND VALUES The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. Our mission is to provide consumer protection and regulation of the state's insurance industry.With a workforce of approximately 265 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.Because we are a small agency, you will truly get a chance to understand the 'big picture' of what we do and why we do it. You will also have a chance to get to know your co-workers.We value diversity in the workplace. We challenge our employees to continuously improve the way we do business and to meet and exceed the needs of our customers.To learn more about this agency, we invite you to visit our website at http://www.insurance.wa.gov/. BENEFITS OF WORKING FOR OIC Washington State offers one of the most competitive benefits packages in the nation. We offer a great selection of health and retirement plans, paid leave, and compensation benefits for you and your family.Additional Benefits:-Wellness programs.-Dependent care assistance.-Washington State Employee Assistance Program.-Federal Social Security and Medicare systems.-Additional Leave; Leave Sharing, Parental Leave, Family and Medical Leave Act (FMLA), Leave Without Pay.-Deferred Compensation (supplemental retirement plan).-Training and development opportunities, including tuition reimbursement.-Program for Public Service Loan Forgiveness (if applicable)-Free parking at our main office in Tumwater.-A stable funding source that does not rely on the state's general fund.-The fulfillment of public service.-Excellent work-life balance.-Flexible work schedules and telework opportunities.-Commitment to diversity in the workplace and support one another with respect and trust.-Free Thurston County Transit public transportation. The duties of an Actuary 2 include, but are not limited to: Perform independent analyses to determine whether company rate requests are justified. Evaluate reasonableness of insurers' data and actuarial methods. Analyze data on losses, loss adjustment expenses, underwriting expenses, and profit provisions. Ensure compliance with applicable statutes and regulations. Communicate results to insurers and when appropriate, to OIC management. Handle filing review in accordance with established OIC procedures. The duties of a Lead Actuary 3 include, but are not limited to: Conducting job analysis and identifying duties for job descriptions of reporting positions. Developing performance expectations and conducting performance evaluations. Assigning, planning, and checking the work of property & casualty actuarial staff. Coaching and instructing property & casualty actuarial staff. Conducting supervisory fact-findings into alleged misconduct and/or performance deficiencies. Determining if an employee has successfully passed their probationary or trial service period. Reviewing and analyzing filed rates and detailed supporting information submitted by property & casualty insurers. Determining whether insurers' filed rates meet the requirements of Washington state law, and where applicable, federal law. Composing detailed objection letters to filers, noting where filings lack sufficient supporting information, where work is not actuarially sound, and where proposed rates would violate Washington or federal law. Taking final action (approval/disapproval) on rate filings. Job Requirements: Required Qualifications for the Actuary 2: You must meet one of the qualification options listed and any additional qualifications included in this section. Eight (8) years or more of property casualty actuarial experience. An associate degree and six (6) years of property casualty actuarial experience. A bachelor's degree and four (4) years of property casualty actuarial experience. A master's degree and two (2) years of property casualty actuarial experience. AND One of the following actuarial credentials: Associate of the Casualty Actuarial Society; or Fellow of the Casualty Actuarial Society; or Fellow of the Society of Actuaries with the General Insurance track. Preferred/Desired Qualifications for the Actuary 2: Member of the American Academy of Actuaries. Experience working with insurance regulatory issues and requirements. Experience with predictive modeling, such as GLMs and tree-based models. Intermediate or higher skill level in Microsoft Excel, Word, and Outlook Required Qualifications for the Lead Actuary 3: The incumbent must meet one of the required qualification options listed and any additional qualifications included in the required qualifications section. Option 1: Fourteen (14) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role. Option 2: An associate degree and twelve (12) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role. Option 3: A bachelor's degree and ten (10) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role. Option 4: A master's degree and eight (8) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role. AND One of the following actuarial credentials: Associate of the Casualty Actuarial Society; or Fellow of the Casualty Actuarial Society; or Fellow of the Society of Actuaries with the General Insurance track. Preferred/Desired Qualifications for the Lead Actuary 3: Experience analyzing and interpreting Washington Title 48 RCW and Title 284 WAC. Previous experience in insurance regulatory compliance. Member of the American Academy of Actuaries. Experience with predictive modeling, such as GLMs and tree-based models. Experience supervising other supervisory level staff.
Company:
Office Of The Insurance Commissioner
Posted:
October 19 on Actuary
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More About this Listing: Actuary 2 & 3
Actuary 2 & 3 is a Jobs Actuary Job at Office of the Insurance Commissioner located in Tumwater WA. Find other listings like Actuary 2 & 3 by searching Oodle for Jobs Actuary Jobs.
Actuary 2 & 3 is a Jobs Actuary Job at Office of the Insurance Commissioner located in Tumwater WA. Find other listings like Actuary 2 & 3 by searching Oodle for Jobs Actuary Jobs.